Maersk Suspends Red Sea Shipping Amid Rising Houthi Attacks

Despite U.S. Navy's Operation Prosperity Guardian, global trade disruption affects $225 billion and reroutes 330 vessels.

Maersk, the Danish shipping giant, has suspended all shipping through the Red Sea and Gulf of Aden due to escalating attacks by Iranian-backed Houthi militants.
The U.S. Navy has been responding to attacks on commercial vessels, including the Maersk Hangzhou, as part of the U.S.-led initiative, Operation Prosperity Guardian.
Despite U.S. efforts, the threat to global trade in the Red Sea remains high, affecting $225 billion in trade and impacting 330 vessels so far.
More commercial ships are rerouting around the Cape of Good Hope on the southern tip of Africa, causing an increase in container rates from Shanghai.
The situation raises the stakes for Operation Prosperity Guardian, which requires significant naval coordination and a strategy of deterrence to be successful.